Press release from Companies
Publicerat: 2021-08-19 08:00:00
Cessatech A/S (“Cessatech” or the “Company”) today releases its results for the period 1 April – 30 June 2021. The second quarter report is available as an attached document to this press release and on www.cessatech.com under Investor, ‘Filings & Reports’. The company is on track with planned activities, has completed recruitment for the bioavailability trial 0204 and is ready to initiate recruitment of trial 0206 - a trial to investigate the pharmacokinetics in children aged 1-17 undergoing elective surgical procedures.
Second quarter 2021 (1 April – 30 June): **Solidity: Total equity divided by total capital and liability. For more information about Cessatech, please contact: Jes Trygved, CEO About Cessatech A/S:
*Earnings per share (DKK per share): Operating result divided by the average number of shares during the period. The total number of shares as of 30 June 2021 amounted to 3,680,000 shares, the average number of shares during the second quarter was 3,680,000. There has been an increase in the number of shares since the completion of the IPO in December 2020.
Highlights during second quarter 2021
“The second quarter of 2021 has focused much on clinical activities, with coordinating and executing three (3) clinical trials in parallel - in particular preparing for the pivotal trial 0205 with more than 220 patients has been a major effort, more will continue in Q3 and Q4. The Company was awarded IPO of the year by Affärsvälden, which was another recognition of our hard work and we are proud to have initiated early formulation activities for our second product candidate CT002 - the outlook is really positive for the Company and it looks like 2021 will be a promising year” says Jes Trygved, CEO
Phone: +45 9387 2309
E-mail: jes.trygved@cessatech.com
www.cessatech.com
Cessatech’s business model offers unique, scalable economic value creation by identifying and developing drugs with a short time to market and risk-reduced profile. The drugs that are developed by Cessatech should be proven effective in adults and represent a medical unmet need in children where a focused development plan can be applied for documenting good effect in children. Cessatech’s first product and lead asset, CT001, is an analgesic non-invasive nasal spray for children aged 1-17 years that experience acute pain or pain related to medical procedures.